Codexis Secures $40 Million in Strategic Financing Deal with Innovatus Capital Partners to Further Strengthen Cash Position Ahead of Key Milestones
Amount Raised
$40 Million
Round Type
Funding Round
Redwood CityInformation TechnologyBiotechnologySoftwareInvestors
Description
Codexis, Inc. has secured $40 million in strategic financing deal with Innovatus Capital Partners to further strengthen its cash position ahead of key milestones. The financing deal includes an upfront $30 million and access to an additional $10 million upon achieving certain prespecified revenue thresholds. The loan facility agreement enables Codexis to accelerate the development and enhance commercialization of the ECO Synthesis™ manufacturing platform for RNAi therapeutics, reinforcing the strength of Codexis’ cash position and providing additional flexibility to its projected runway through cash-flow positive around the end of 2026.
Quick answer
Codexis raised $40 Million in a Funding Round round, dated February 15, 2024. Investors: Innovatus Capital Partners, Llc. Codexis is based in Redwood City, California, United States.
- How much did Codexis raise?
- Codexis raised $40 Million in a Funding Round round on February 15, 2024.
- Who invested in Codexis?
- Innovatus Capital Partners, Llc is named as investors in this round.
- What does Codexis do?
- Codexis is a leading protein engineering company that applies its technology to the development of biocatalysts for commercial manufacture of pharmaceuticals, food ingredients and fine chemicals, and enzymes for..
- Where is Codexis based and how big is it?
- Codexis is based in Redwood City, California, United States.
- Who are the decision-makers at Codexis?
- Fundz holds 1 contact at Codexis. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Biotechnology and Software around the same time
Companies in the same sectors as Codexis that raised within 45 days of this round, from Fundz verified event records.
- Promaxo raised $32M on March 25, 2024.
- CytoTronics raised $14M on March 22, 2024.
- Carlsmed raised $53M (Series C) on March 18, 2024.
- Zephyr AI, Inc. raised $111M (Series A) on March 13, 2024.
- Carlsmed raised $38M on March 12, 2024.
- Connecteve raised $3.3M (Pre-Series A) on February 28, 2024.
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